German Papiermark
The name Papiermark (English: paper mark, officially just Mark, sign: ℳ) is applied to the German currency from 4 August 1914 when the link between the Goldmark and gold was abandoned, due to the outbreak of World War I. In particular, the name is used for the banknotes issued during the hyperinflation in Germany of 1922 and especially 1923 (see Inflation in the Weimar Republic), which was a result of the German government's decision to pay its war debt by printing banknotes.
Read more about German Papiermark: History, Coins, Note On Numeration
Famous quotes containing the word german:
“So far no actual revolutionary masses have come into view. This might be considered sufficient reason for reproaching someone who has set out to describe a revolution. But it is not our fault. This is, after all, a German revolution.”
—Alfred Döblin (18781957)